Raleigh Consumer Bankruptcy Attorneys

For millions of Americans, struggling with debt has become a fact of life. Whether because of maxed-out credit cards, overdue student loans, or underwater home mortgages, the fact is that many people are stuck with overwhelming debt obligations and little way to pay them off. Fortunately, those who find themselves in this difficult position have a number of legal options at their disposal. Consumer bankruptcy is one of these options.

While bankruptcy carries negative associations for some people, the fact of the matter is that it can often be one of the easiest ways for individuals and families to return to financial freedom. If you are struggling to manage your debts, you should consider the benefits that consumer bankruptcy has to offer. Contact the Raleigh bankruptcy attorneys of the Bradford Law Offices, PLLC today at (919) 758-8879 to speak with a qualified member of our legal team and learn more about whether bankruptcy may be right for you.

Do I Need an Attorney?

Bankruptcy procedures are controlled by complex federal laws and regulations. For individuals, filing for bankruptcy can be a very difficult and time-consuming process. The complexities of legal paperwork combined with the stress already put on the individual because of various debts and obligations can be overwhelming. After the initial decision on whether to file for bankruptcy, an individual in debt must then determine if Chapter 7 bankruptcy or Chapter 13 bankruptcy is appropriate. This is a complicated decision that is best left to an experienced attorney with bankruptcy experience. At Bradford Law Offices, PLLC, we have the skill and experience to determine the best bankruptcy options, if any, for you.

Types of Consumer Bankruptcy

Depending on the nature of a debtor’s financial situation and their own personal preferences, a number of different types of consumer bankruptcy are available, including:

By pursuing either of these forms of bankruptcy protection, many debtors can return to a debt-free life without having to worry about harassing creditor calls or losing cherished property.

Why Choose Us?

Danny Bradford has been practicing law in Raleigh since 1996. Shortly after opening his law practice, he began to tailor his skills and legal expertise to help parties with bankruptcy issues. Nowadays, about 70% of his clients are individuals or married debtors seeking to file for bankruptcy in the Bankruptcy Court for the Eastern District of North Carolina. He and the team at Bradford Law Offices, PLLC have helped over 3,000 consumer debtors find a fresh start before the bankruptcy courts.

In one case, Bradford Law Offices, PLLC helped a married couple get a bankruptcy plan that wiped out a second mortgage on their home and eliminated debts from medical bills, credit card bills, and an unsecured installment loan. This plan also allowed the married couple to modify their automobile payments. In the end, the plan we negotiated for the married couple reduced their monthly cash flow by $504 while allowing them to catch up on their mortgage and taxes.

Secured V. Unsecured Debt

Frequently Asked Questions

Filing for consumer bankruptcy can be a confusing and overwhelming process. We understand that you may have many questions, and we have attempted to answer some of the most common ones below. If you are still confused and need more information, don’t hesitate to call Bradford Law Offices, PLLC at (919) 758-8879. Our experienced team will help you through the situation.

I feel uncomfortable and embarrassed with the bankruptcy process. Is bankruptcy law relatively new and uncommon?

No. In fact, bankruptcy law has been around for centuries in the United States, so there is no reason to be embarrassed. Key concepts of bankruptcy law existed in this nation in 1800. The present, modified Bankruptcy Code was enacted in 1978. Bankruptcy has been around for a long time, so there is no reason to feel that it is an uncommon process that few people turn to. According to one study, there were over 750,000 petitions for bankruptcy filed in the United States in 2017. In December 2017, there were over 2,500 bankruptcy filings per filing day in the United States. Bankruptcy is not an uncommon process, and it is nothing to be embarrassed about. Please contact us at Bradford Law Offices, PLLC to see if the bankruptcy process is right for you.

I am uncomfortable about providing personal information regarding my debts. What should I do?

Our attorneys understand that you might be embarrassed because of where, why, or when you incurred certain debts. Additionally, some people might feel embarrassed to disclose the value of their property. At Bradford Law Offices, PLLC, we have seen it all when it comes to debt. Nothing is shocking to us, and our clients should not feel embarrassed when they tell us personal, detailed information. In fact, this information is crucial in getting the best result for the individual with debt. It is important to understand that you are not alone when it comes to debt struggles, so your accurate and full disclosure is critical. Congress established the bankruptcy process to help people under financial distress get a fresh start. The experienced bankruptcy attorneys at  Bradford Law Offices, PLLC will help you get this fresh start.

How do you determine whether a Chapter 7 bankruptcy or Chapter 13 bankruptcy is appropriate?

Filing for Chapter 7 or Chapter 13 bankruptcy is a crucial step in getting you back on track. The two types of filings have different benefits and tradeoffs, and it is important that you have our experienced attorneys help you through the decision so that we can get you the best possible outcome. After a consultation, a comprehensive analysis of your debts, and a review of relevant documentation, the attorneys at Bradford Law Offices, PLLC will know which method of consumer bankruptcy is best for you.

Is all of my property subject to the party or parties that I owe?

There are certain types of property that a consumer filing for bankruptcy is entitled to exempt from his debt obligations. The property that is exempt is determined by a complicated and confusing combination of State and Federal law. To help you understand what is in your best interest, you should contact us at Bradford Law Offices, PLLC. Our qualified attorneys will know the property you are entitled to keep because of these complicated exemptions. Contacting us could be the difference between keeping or losing their cherished property.

What are some other steps I must take before the bankruptcy proceedings can begin?

Before filing a petition for bankruptcy, you must first participate in a credit counseling course from a government-approved organization. This course can usually be completed over the phone or online, and after completion, you will receive a certificate. At Bradford Law Offices, PLLC, we will help you find the government-approved organization so that we can begin the bankruptcy process together.

Consumer Bankruptcy Statistics

According to a study by the American Bankruptcy Institute, there were 6,300 total bankruptcies in the Bankruptcy Court for the Eastern District of North Carolina in 2017. Among these, 2,195 were Chapter 7 bankruptcies, and 4,020 were Chapter 13 bankruptcies. The statistics show that even though bankruptcy has a negative connotation for some people, for many people in Raleigh, bankruptcy is a reality. Please contact us today to see if filing for consumer bankruptcy is right for you.

Contact Us

Don’t let debt issues control your life. If you or someone you know has overwhelming financial obligations which you cannot meet, contact the Raleigh bankruptcy lawyers of the Bradford Law Offices, PLLC at (919) 758-8879 to discuss the details of your case and determine which type of bankruptcy may be right for your situation.